The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $11 par,...

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The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $11 par, 12,000 shares authorized, 2,400 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $26,400 16,000 58,800 JAE Corporation completed the following transactions during Year 1: 1. Issued 800 shares of $11 par common stock for $25 per share. 2. Repurchased 230 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 per share. Required: a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. JAE CORPORATION Accounting Equation for the Year 1 Assets Event = Liabilities + Cash Common Stock + Stockholders' Equity Paid-In Capital In Excess Common Stock Paid-In Capital In Excess Treasury Stock Treasury Stock Retained + Earnings Beginning balance + + + 1. 4 + + + 2. + + + 3. + + + Ending balance 0m 0+ 0+ 0+ + The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $11 par, 12,000 shares authorized, 2,400 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $26,400 16,000 58,800 JAE Corporation completed the following transactions during Year 1: 1. Issued 800 shares of $11 par common stock for $25 per share. 2. Repurchased 230 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 per share. Required: a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. JAE CORPORATION Accounting Equation for the Year 1 Assets Event = Liabilities + Cash Common Stock + Stockholders' Equity Paid-In Capital In Excess Common Stock Paid-In Capital In Excess Treasury Stock Treasury Stock Retained + Earnings Beginning balance + + + 1. 4 + + + 2. + + + 3. + + + Ending balance 0m 0+ 0+ 0+ +

Answer rating: 100% (QA)

Req A and B Weighted Average Cost of Capital and Project Rejection a Weighted Average Cost of Capita... View the full answer